(NJR) NewJersey Resources - Ratings and Ratios

New Jersey Resources Corporation (NYSE:NJR) is a diversified energy services holding company with a focus on natural gas distribution, clean energy ventures, energy services, and storage and transportation solutions. Headquartered in Wall, New Jersey, the company has operated since 1922, serving customers across multiple regions. Its Natural Gas Distribution segment provides regulated utility services to approximately 538,000 residential and commercial customers in six New Jersey counties: Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex. This segment also manages capacity and storage services and participates in off-system sales and capacity release markets, optimizing its asset utilization.

The Clean Energy Ventures segment is a key growth driver, investing in and operating solar projects across six states: New Jersey, New York, Rhode Island, Connecticut, Michigan, and Indiana. This segment underscores NJR’s commitment to renewable energy, with a portfolio that includes both commercial and residential solar installations. The Energy Services segment focuses on natural gas transportation and storage, offering wholesale energy, retail energy, and energy management services. This segment leverages its expertise to provide tailored solutions to customers, enhancing operational efficiency and cost optimization.

The Storage and Transportation segment complements the company’s energy offerings by investing in related infrastructure and services. This includes providing heating, ventilation, and cooling (HVAC) services, solar equipment installation, and plumbing repair. Additionally, the segment holds commercial real estate properties, further diversifying NJR’s revenue streams. The company’s balanced approach to traditional energy distribution and clean energy solutions positions it as a leader in the evolving energy landscape.

From a technical perspective, NJR’s stock has shown stability, with a 20-day moving average of 48.76 and a 50-day moving average of 48.12, both slightly below the last price of 49.13. The 200-day moving average of 46.40 indicates a longer-term upward trend. The Average True Range (ATR) of 1.12 suggests moderate volatility. On the fundamental side, NJR’s market cap of $4.988 billion reflects its established presence in the energy sector. A P/E ratio of 14.98 and a forward P/E of 16.05 suggest reasonable valuation, while the return on equity (RoE) of 14.34% highlights strong profitability.

3-Month Forecast: Based on the convergence of technical and fundamental data, NJR is expected to maintain its upward momentum, supported by its strong financial performance and growing renewable energy portfolio. The stock may trade in a range of $47.50 to $51.00, with potential for modest growth driven by increasing demand for clean energy solutions and stable cash flows from its utility operations.